Fundacion de Desarrollo Comunal de P R Inc

Analysis

Fundacion de Desarrollo Comunal de P R Inc is a registered charity in United States, based in Caguas, PR. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fundacion de Desarrollo Comunal de P R Inc reported income of $1.7m and spending of $1.8m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.7m (+69%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fundacion de Desarrollo Comunal de P R Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 78th percentile within PR. Charities of a similar size with the same main cause include Metropolitan Village Inc ($1.7m), Wisconsin Preservation Fund Inc ($1.7m) and Second Step Housing ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. Other salaries and wages came to $680k. At year end it held assets of $4.6m against liabilities of $890k, net assets of $3.7m. It reported 40 employees.